Over the last few episodes of financial strategies I have been talking about why cash value life insurance should be considered when developing a persons overall retirement planning strategy. So today, I want to continue by talking about different ways of taking the money out of your cash value life insurance policy and the rules to e
What exactly is cash value life insurance? What are the benefits of using cash value life insurance as a savings vehicle?
About John Bearss: John R. Bearss is a Retirement Specialist. He has been helping clients and financial professionals understand financial strategies for 24 years. To speak with John Bearss directly, email him at email@example.com or call 888-914-9909.
Did you know that most people believe that they are adequately insured against disability because they think they have coverage through their employer or through the government. That’s probably why 80 percent of Americans don’t own private disability income insurance.
As we start the new year it has been exciting to see how many people are taking advantage of the Christian Financial Advisors Network. I have talked with many people around the country who do not have a financial advisor or would like a second opinion on the advice they are currently getting.
An emergency fund is one of the first things that people need to do immediately to help them build a successful financial plan. And no, your credit card is not an emergency fund.
I love this time of year because as I talk with people they are establishing new year’s resolutions. So I want to change our format a little bit. In the past I have given many ideas on ways you can safely grow your assets and how to protect them. But I would like to start this year, developing financial strategies that will help you achieve your goals.
Today let’s focus on the effects of Probate, liquidity issues, what happens if you become incapacitated and some goals you may want to consider in developing your estate plan.
Today let’s focus on State Death Taxes and Federal Income Taxes. States impose their own death taxes. You should be aware of what the death tax laws are in your state and how they may affect your estate.
Over the last two weeks we talked about what estate planning is and who might need it. We also talked about how to do it and where do you begin. Today I would like to focus on another important factor that will help you develop a sound financial estate plan and that is the topic of how and what taxes affect your estate.
You should begin the estate planning process by understanding your particular circumstances, such as your age, health, wealth, etc. You will also need to have some understanding of the factors that may affect the distribution of your estate, such as taxes, probate, liquidity, and incapacity.
Last week we talked about what estate planning is and who might need it. Today, let’s talk about how to do it and where do you begin. You should begin the estate planning process by understanding your particular circumstances, such as your age, health, wealth, etc.
If you don’t normally review your investments at the end of each year, 2010 might be a good time to start. And if year-end investment planning is already part of your routine, you might want to pay special attention this year.
Who is eligible for this benefit? A veteran aged 65 or older or permanently and totally disabled from a non-service connected disability that is not the result of his or her willful misconduct is entitled to a pension.
If I were to ask you, What is your greatest asset? Most people would say their home or their 401(k) or their IRA. The truth is, during a person’s working years their greatest asset is their ability to earn an income. So today I would like to focus on the importance of disability income insurance.
Hi Jerry. Last week we talked about how Medicare works when dealing with long term care needs. What we discovered is that Medicare will only pay if you have first, spent at least three days in the hospital and then secondly, go to a skilled nursing facility.
by John Bearss Transcript Hi Jerry. Today, I would like to focus on one of the 5 building blocks to a good financial plan that you have been teaching for sometime now and that is Building Block number 2 – protection of the assets that God entrusted to us. Let me ask you a question, […]
Don’t leave your heirs with legal and tax problems that could have been avoided.
The times we are living in have really escalated the need for financial planning. I believe people are less fearful of the future if they have established a financial plan for themselves and their families because being prepared is the best solution to relieving stress and fear.
This week when I met with a client that is retired, I had to explain the concept of, “If you are not financially strong, then you will not be in a position to help anybody else.” If our own government would understand this concept, maybe we would not have had to experience the financial crisis we are currently in.
Hi Jerry, this week I came across a very interesting article from the Associated Press written by Dan Wagner, AP Business Writer dated July 30, 2010. The title of the article is “Bernanke financial disclosure shows no-frills plan”. Here is what he reported.
The year 2010 presents a great opportunity for those folks who own a 401(k) plan or a traditional IRA. Most people who own a 401(k) have never asked their plan administrator if their plan allows them to do an in-service rollover for non hardship cases.
Well hi Jerry. Today I would like to discuss what happens to your estate if Congress does not extend the Bush tax cuts on January 1st, 2011.